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but are we getting any closer to a deal to get off the so-called fiscal cliff? we will talk about it all with the fox all-stars when we return. [ woman ] we knew it was gonna be bad, but never like this. the red cross was down here all the time. [ man ] they've given us a lot of heart. in times of need, they're there. ♪ [ kerry ] my dad was watching his house burn. he turned around, and all of a sudden, therwas this guy standing there from the red cross. at a point where i had just lost everything, the idea that there was someone there... that's an amazing thing. ♪ ♪ ♪ >>> i've said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and they have had compromise between democrats and republicans. i understand, you know, people have a lot of different views. i'm willing to compromise a little bit. >> his proposal that he offered to boehner was literally a joke. it's $50 billion stimulus package. it raised taxes by $1.6 trillion. it did nothing to save social security and medicare. >> bret: some of the back a
but are we getting any closer to a deal to get off the so-called fiscal cliff? we will talk about it all with the fox all-stars when we return. [ woman ] we knew it was gonna be bad, but never like this. the red cross was down here all the time. [ man ] they've given us a lot of heart. in times of need, they're there. ♪ [ kerry ] my dad was watching his house burn. he turned around, and all of a sudden, therwas this guy standing there from the red cross. at a point where i had just lost...
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Nov 28, 2012
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if an when the president and congress do reach a deal on the fiscal cliff, what will it look like? we'll get some thoughts from the fox all-stars when we return. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ >>> right now, as we speak, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. so we really need to get this right. i can only do it with the help of the american people. so, tweet, what was that again? my2k. do what it takes to communicate a sense of urgency. we don't have a lot of time here. >> in order to come to an agreement, republicans are willing to put revenue on the table. time for the president and the democrats to get serious about the spending problem that our country has. >> bret: some of the back and forth today the president calling on people to get involved including on twitter. this as he met this morning with unions and other liberal org
if an when the president and congress do reach a deal on the fiscal cliff, what will it look like? we'll get some thoughts from the fox all-stars when we return. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ >>> right now, as we speak, congress can pass a law that would prevent a tax hike on the...
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Aug 24, 2012
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cliff deal, that's the fault of the tea party? i just -- i find that to be so unfathomable. >> i find it unfathomable too to be honest. the people in the room who are not going to compromise are the tea party republicans. >> laura: well then the president can run on that. he can't run on that now because is he not talking to anybody. >> i mean the president talks to people all day long every day. it's very clear from how the tea party has gone about doing their work in washington since they came into office that they're not going to compromise. so that is just not going happen. >> laura: came on my radio show last week says he hasn't had a substantive conversation with the president over a year. >> eric cantor hasn't said a substantive or paul ryan in the last part of the year. both have made it abundantly clear that they are not going to reach a compromise. >> laura: this is part of the new tone in washington. okay. they are not substantive people. erica, thanks so much. >> thanks so much. >> laura: new poll in ahead of president
cliff deal, that's the fault of the tea party? i just -- i find that to be so unfathomable. >> i find it unfathomable too to be honest. the people in the room who are not going to compromise are the tea party republicans. >> laura: well then the president can run on that. he can't run on that now because is he not talking to anybody. >> i mean the president talks to people all day long every day. it's very clear from how the tea party has gone about doing their work in...
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Dec 29, 2012
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there is no deal yet for the fiscal cliff. but for now we have at least avoided the container cliff. 15,000 dock workers at 15 major u.s. ports and port owners agreeing to extend an expired contract for 30 days. the main issue is container royalties. the heavier the container the more dock workers get paid. owners want to cap payments. a strike would have meant higher prices on many goods like clothing, auto goods and electronic products because they would have been in short supply. emma lou harris could be in trouble with the law. tmz reports that harris is accused of hitting another car on a highway then driving off. the l.a. county d.a. is deciding whether harris will face any charges. in one was hurt. a rep for the singer says it was so minor harris didn't even know she hit the other car. and those are your headlines. >> thank you, juliet. let's talk about this story because this is outrageous. >> dave: unbelievable. >> juliet: sick. >> clayton: here is what vladimir putin did in response to the united states trying to put
there is no deal yet for the fiscal cliff. but for now we have at least avoided the container cliff. 15,000 dock workers at 15 major u.s. ports and port owners agreeing to extend an expired contract for 30 days. the main issue is container royalties. the heavier the container the more dock workers get paid. owners want to cap payments. a strike would have meant higher prices on many goods like clothing, auto goods and electronic products because they would have been in short supply. emma lou...
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on the fiscal cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that it is important to address entitlement reform, something they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox n
on the fiscal cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been...
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Dec 18, 2012
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cliff deal in time. the clock is running. carl cameron, what do you have? >> reporter: bill, we were talking a short while ago how mr. boehner was going to talk to his rank-and-file members and leaders behind closed doors this morning at a meeting that started 9:00 about the president's offer last night to again try to raise revenue, decrease spending and come up with a balanced plan to avoid the fiscal cliff of mandatory tax increases and spending cuts. turns out the republicans were probably going to be apprehensive about it, but mr. boehner went into the meeting with alternative. he is concerned about the calendar. so far inability to break the jog lam on a real deal here. the distance between the two sides. as a consequence he told his members he has got a plan b. i want to read remarks we know he is saying behind closed doors to his fellow republicans. he will say or has said, quote, for weeks senate republicans and a growing number of you, meaning house republicans have been pushing for us to pivot
cliff deal in time. the clock is running. carl cameron, what do you have? >> reporter: bill, we were talking a short while ago how mr. boehner was going to talk to his rank-and-file members and leaders behind closed doors this morning at a meeting that started 9:00 about the president's offer last night to again try to raise revenue, decrease spending and come up with a balanced plan to avoid the fiscal cliff of mandatory tax increases and spending cuts. turns out the republicans were...
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Dec 27, 2012
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the bottom line is even if we deal with the fiscal cliff in the next few days and avert that. there is another crisis with the debt ceiling looming in under two months, harris. big deal. >> harris: i know we have been talking about the weather. this too is is a perfect storm. ed henry, thank you. first time we are hearing. caught in the middle of a deadly trap. he was there when investigators say ex-con lured into ambush and shot them. what he says he heard when the bullets started to fly. stay close. rd from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the
the bottom line is even if we deal with the fiscal cliff in the next few days and avert that. there is another crisis with the debt ceiling looming in under two months, harris. big deal. >> harris: i know we have been talking about the weather. this too is is a perfect storm. ed henry, thank you. first time we are hearing. caught in the middle of a deadly trap. he was there when investigators say ex-con lured into ambush and shot them. what he says he heard when the bullets started to...
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Nov 28, 2012
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cuts as part of the big fiscal cliff. no deal in sight yet. take a look at what happened on capitol hill yesterday. naked protestors stormed the office of house speaker john boehner. they are protesting cuts in healthcare they say but shows how any kind of spend wiing cut are nearly impossible these days and they are warming for the president's call to raise tax revenue. many democrats are emboldened since the election refusing to talk about any specific cuts to federal spending. >>> president obama and democrats ran on a promise of bush tax rates. president obama didn't hide that last year of the campaign every place he went that's what he talked about. americans when they voted raised their voices and supported our pledge congress acted in accordance with the will of the people. >>> there's a debate of how to raise taxes. if government spending isn't paired back in some way republicans may not fine off on a deal. >> oo we already know the president is a good campaigner. we congratulate him on his reelection. what we don
cuts as part of the big fiscal cliff. no deal in sight yet. take a look at what happened on capitol hill yesterday. naked protestors stormed the office of house speaker john boehner. they are protesting cuts in healthcare they say but shows how any kind of spend wiing cut are nearly impossible these days and they are warming for the president's call to raise tax revenue. many democrats are emboldened since the election refusing to talk about any specific cuts to federal spending. >>>...
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and that republicans need to take this deal rather than go over the fiscal cliff where polls indicate voters would largely blame them. jon: if ronald reagan and tip o'neil could work together maybe barack obama and john boehner can too. we'll see. >> well you know it is the holiday season. you would hope. i think that's another reason for optimism, jon. these are human beings. they want to go home. jon: don't we all. juan williams. good to have you on. thanks. >> thanks, jon. jenna: we'll turnover seas now as questions remain in syria just how close we are to the fall of the assad regime there. the government is there in syria is carrying out broad attacks against rebels in the suburbs of damascus as the u.n. appeals for one billion dollars, one billion dollars to help support rising numbers of syrian refugees, almost half of them children. leland vittert is live in our middle east bureau with more on this. leland? >> reporter: jenna, the term humanitarian crisis now really applies not only what is going on inside syria but the conditions at refugee camps where hundreds of thousands o
and that republicans need to take this deal rather than go over the fiscal cliff where polls indicate voters would largely blame them. jon: if ronald reagan and tip o'neil could work together maybe barack obama and john boehner can too. we'll see. >> well you know it is the holiday season. you would hope. i think that's another reason for optimism, jon. these are human beings. they want to go home. jon: don't we all. juan williams. good to have you on. thanks. >> thanks, jon. jenna:...
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>>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less customers, businesses get fewer profits, they hire fewer workers, you go in a downward spiral. wrong idea. >>reporter: the president criticized the right-to-work deal that michigan's republican legislature is set to pass calling it a right to make less money and says it doesn't have anything to do with economics but licks. >>shepard: does the fact that the two men who are the last two to meet on this matter, met together and did not come out bellyaching about the other side, is that positive or am i looking for a silver lining? >>reporter: it could be a sign of progress. there are signs from the people on capitol hill
>>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less customers,...
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the big story here, deal making on the fiscal cliff. is there a break-through? tonight on "special report," despite concessions on both sides of the aisle, president obama and boehner are playing political hardball. the white house insists they are making a good faith effort to reach a compromise as boehner is readying what he calls plan b. we will lay it out for you. students in newtown, connecticut, reeling from the deadly school shooting were back in the classroom today. different classrooms. the massacre sparked intense debate in washington over gun control legislation and what can be done to cush violence across the country. the nra is now weighing in. the national debt, how much do you owe? we'll break down numbers to take a frightening look at that in part with the of the series, "the cost of spendin spending." now back to new york and my colleagues with "the five." >> dana: welcome back. after being charged with intoxicating manslaughter of his teammate, he cheered on the team from the sidelines. after mounting pressure the cowboys announced today they w
the big story here, deal making on the fiscal cliff. is there a break-through? tonight on "special report," despite concessions on both sides of the aisle, president obama and boehner are playing political hardball. the white house insists they are making a good faith effort to reach a compromise as boehner is readying what he calls plan b. we will lay it out for you. students in newtown, connecticut, reeling from the deadly school shooting were back in the classroom today. different...
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that outline is indeed the basis for the fiscal cliff deal that is now taking shape. here's my take. it's a lousy deal! trumka said, tax the rich, promise to cut spending and ignore the debt. looks like that is exactly what we're going to get. the republicans have accepted higher tax rates, rightly or wrongly, speaker boehner has okayed tax the rich. that part of the trumka plan in place. as for spending, the president will not touch medicare or medicaid. he suggests a minuscule trimming of social security and he wants $50 billion worth of new spending for infrastructure. he is very much in line with trumka's thinking on spending. and then there's the debt. the president wants a blank check to run it up as he pleases, no interference from congress with those pesky debt ceiling debates. no, he is following the trumka line again. ignore the trillions in new debt. let the grandkids play for heaven's sake. this is where we're headed with these fiscal cliff talks. in our desperation to avoid a crisis we put it off and actually make it worse. tax the rich, avoid the spendin
that outline is indeed the basis for the fiscal cliff deal that is now taking shape. here's my take. it's a lousy deal! trumka said, tax the rich, promise to cut spending and ignore the debt. looks like that is exactly what we're going to get. the republicans have accepted higher tax rates, rightly or wrongly, speaker boehner has okayed tax the rich. that part of the trumka plan in place. as for spending, the president will not touch medicare or medicaid. he suggests a minuscule trimming of...
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cliff. >> nobody wants to see this fiscal cliff without a deal, because the cuts are severe and the tax increases are severe. so we've got to find a path forward. >> that follows lofty promises, the president made at the celebration about how the best is yet to come. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. reducing the deficit. reforming the tax code. fixing our immigration system. >> republicans say they heard it before. actually, at the last victory party in chicago. >> while the democratic party won a great victory tonight, we do so with a measure of humility. and determination to heal the divide. >> last night, the president also revealed he is planning a dramatic move to jumpstart the effort. >> ahead, i also look forward to sitting down with governor romney to talk about where we can work together to move the country forward. >> except for president elect obama did the same with republican john mccain. >> just going to have a good conversation about how we can do some work together. to
cliff. >> nobody wants to see this fiscal cliff without a deal, because the cuts are severe and the tax increases are severe. so we've got to find a path forward. >> that follows lofty promises, the president made at the celebration about how the best is yet to come. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. reducing the deficit. reforming the tax code. fixing our immigration system....
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you know, when the president talks about, if we don't deal with the fiscal cliff, the average family will see their taxes go up $2,000 a year. in the last few years, their gasoline bill has increased $2500 a year. so we need to be dealing with the natural gas and the oil and the gasoline and the energy prices. >> not only a member of congress, a medical doctor and a psychiatrist. make you can get everybody on the couch. you mentioned taxes, taxes, taxes. here's an interesting take from robert robb. let me get your reaction to this. he said, quote, what obama is trying to do is force republicans to finance, through higher taxes and increased borrowing, the size of the furthermore government obama thinks is appropriate. obama likes his government super sized. republicans in the house, undoubtedly won't and shouldn't agree to obama-level spending. after all, they were elected in 2010 to put the brakes on obama's spending and were returned to power. the democrats say, but the president won re-election, so, in your point of view who, is right? >> the president continued to talk about redu
you know, when the president talks about, if we don't deal with the fiscal cliff, the average family will see their taxes go up $2,000 a year. in the last few years, their gasoline bill has increased $2500 a year. so we need to be dealing with the natural gas and the oil and the gasoline and the energy prices. >> not only a member of congress, a medical doctor and a psychiatrist. make you can get everybody on the couch. you mentioned taxes, taxes, taxes. here's an interesting take from...
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coming up, john boehner and president obama may be closed to a deal on the fiscal cliff. i can't believe i'm relieved to hear that word. that debate is ahead on "the five." ♪ ♪ >> andrea: house speaker boehner and president obama working to reach a deal to stop across the board tax increases and spending cut at the first of the year. today, speaker boehner proposed a backup plan. >> i think we all know that every income tax in america will pay a higher rate in january 1 unless congress ac acts. so i believe it's important to protect as many american taxpayers as we can. our plan "b," would protect the american taxpayers who make $1 million or less. have all the current rates extended. >> andrea: well, the white house promptly rejected it. >> the alternative here if you think about it with the so-called plan "b" it makes no sense. historic opportunity here to do something that has been set as a goal to reach bipartisan compromise on significant deficit reduction on the order of $4 trillion. talk all the pieces of it and put them together. we are close to being able to
coming up, john boehner and president obama may be closed to a deal on the fiscal cliff. i can't believe i'm relieved to hear that word. that debate is ahead on "the five." ♪ ♪ >> andrea: house speaker boehner and president obama working to reach a deal to stop across the board tax increases and spending cut at the first of the year. today, speaker boehner proposed a backup plan. >> i think we all know that every income tax in america will pay a higher rate in january...
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. >> if a deal can't be reached before january the 1st we will go over that fiscal cliff we talked so much about. as the clock ticks where do merps stand on the troubled economy. peter doocy is live with brand new poll numbers. >> hi heather. we have been hearing so much about what the principal negotiators think about the way around the fiscal cliff. the latest is that president obama is troubled by speaker boehner's suggestion that tax cuts to the wealthy should be permanent while speaker boehner says the president moved the goal post and wants too much in revenue. something we don't hear about is public opinion. most registered voters 57 percent feel the best way to deal with the budget problems is with cuts in spending. 20 percent think tax increases are a better solution and a little less 18 percent favor a balanced approach of cuts and tax hikes. and when asked if raising taxes on the wealthy is enough to solve the country's budget problems, 33 percent of registered voters said yes. but man fee more, 61 percent said spending cuts are necessary as well. this comes as three quarte
. >> if a deal can't be reached before january the 1st we will go over that fiscal cliff we talked so much about. as the clock ticks where do merps stand on the troubled economy. peter doocy is live with brand new poll numbers. >> hi heather. we have been hearing so much about what the principal negotiators think about the way around the fiscal cliff. the latest is that president obama is troubled by speaker boehner's suggestion that tax cuts to the wealthy should be permanent while...
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Nov 29, 2012
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the deal is to avoid a series of tax increases, and spending cuts that many believe would be a fiscal cliff that would kick in on january the 1st. chief congressional correspondent mike emanuel is watching it all unfold on capitol hill. what do we know about the visit about the expectations for what might happen during it. >> reporter: martha, timothy geithner arrived here on capitol hill a short time ago to meet first with senate majority leader harry reid. we know he's having individual meetings with the top four leaders of congress. what republicans have said they want to hear, and republicans will be critical, because they need republican support to get any final fiscal cliff deal through the senate, and also through the house, they say they hope that he's coming with concrete spending cut ideas that are acceptable to the administration. one of the meetings today will be with senate republican leader mitch mcconnell who a short time ago sounded pretty fired up. >> the only reason democrats are insisting on raising rates is because raising rates on the so-called rich is the holy gr
the deal is to avoid a series of tax increases, and spending cuts that many believe would be a fiscal cliff that would kick in on january the 1st. chief congressional correspondent mike emanuel is watching it all unfold on capitol hill. what do we know about the visit about the expectations for what might happen during it. >> reporter: martha, timothy geithner arrived here on capitol hill a short time ago to meet first with senate majority leader harry reid. we know he's having individual...
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first pundits will scream about the fiscal cliff a series of tax increases going into affect january 1st unless they work out a deal. they will. i can see it. they will meet, press conferences and predict disaster then reach a deal. it will not solve much but then the media will move on. america will continue to go broke. if i too cynical? and no. worse than that says congressman ron paul. predict the future. >> the future looks good people know that what we have today is not workable but short-term the people will not admit we're bankrupt or on the verge of a major major change in our society. but they will destroy the dollar were reinforced to change our system of financing. it could be big. not quite as bad as the soviet system but changes are to come. true bankruptcy means we cannot maintain the empire around the rolled and entitlements $220 trillion so we need to face reality. don't expect solutions to come on january 1st. they will have a dr. debt proposal but ultimately we will have to face up to the deficit spending and government but not for a while. >> that was designed to
first pundits will scream about the fiscal cliff a series of tax increases going into affect january 1st unless they work out a deal. they will. i can see it. they will meet, press conferences and predict disaster then reach a deal. it will not solve much but then the media will move on. america will continue to go broke. if i too cynical? and no. worse than that says congressman ron paul. predict the future. >> the future looks good people know that what we have today is not workable but...
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Nov 17, 2012
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first pu7b diswill scream about the fiscal cliff. first pundits will scream about the fiscal cliff a series of tax increases going into affect january 1st unless they work out a deal. they will. i can see it. they will meet, press conferences and predict disaster then reach a deal. it will not solve much but then the media will move on. america will continue to go broke. if i too cynical? and no. worse than that says congressman ron paul. predict the future. >> the future looks good people know that what we have today is not workable but short-term the people will not admit we're bankrupt or on the verge of a major major change in our society. but they will destroy the dollar were reinforced to change our system of financing. it could be big. not quite as bad as the soviet system but changes are to come. true bankruptcy means we cannot maintain the empire around the rolled and entitlements $220 trillion so we need to face reality. don't expect solutions to come on january 1st. they will have a dr. debt proposal but ultimately we will
first pu7b diswill scream about the fiscal cliff. first pundits will scream about the fiscal cliff a series of tax increases going into affect january 1st unless they work out a deal. they will. i can see it. they will meet, press conferences and predict disaster then reach a deal. it will not solve much but then the media will move on. america will continue to go broke. if i too cynical? and no. worse than that says congressman ron paul. predict the future. >> the future looks good...
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we conjured up, greta, we conjured up this fiscal cliff to make us deal with our nation's problems. we are still not going to do it. we are going to go into next year and, yes, the american people should be very disgusted. >> greta: i hold everybody in washington accountable for shoving us off that cliff. we are not falling off it you all are shoving us off it for not doing the job and if there is some deal forged about people who make $250,000 a year or less, it is because no one in this country wants to raise taxes on those people but you there has been some what of a dereliction of duty because you will delay the spending cuts which everyone agrees, are the republicans agree are important, you delay them because you haven't done your work and there is going to be no hammer to your heads to actually sit down and do it. like the immigration think that you are all so hucked up to handle a year ago and haven't done anything about. what in the world would be the -- what would possibly be the threat to you to get these spending cuts handled? >> well, first of all, i don't think that de
we conjured up, greta, we conjured up this fiscal cliff to make us deal with our nation's problems. we are still not going to do it. we are going to go into next year and, yes, the american people should be very disgusted. >> greta: i hold everybody in washington accountable for shoving us off that cliff. we are not falling off it you all are shoving us off it for not doing the job and if there is some deal forged about people who make $250,000 a year or less, it is because no one in this...
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forget this fiscal cliff deal. the moral is, you raise tax rates and down goes tax revenue. look at what happened in britain. this raised the top tax rate to 50% and two-thirds of the millionaires disappeared in the next tax year. same things are happening in france. people are leaving. the top tax rate of 75%. same thing had in maryland a few years ago. new millionaires tax. they disappeared. exactly the same thing in california. >> brian: they went to pennsylvania and california. now texas. >> you avoid a high, what they consider a high tax rate. you want to take more money off them, but when you try do it, you don't get more money off them. >> brian: are you disturbed at all, 'cause i know you're a numbers guy, that it seems as though republicans from senator cork tore coburn to coal, seem to be saying, all right, just raise the rate. give the president his trophy so we can get to real cuts, would that bother you? >> yes, it would bother me because this is a spending problem. not a tax problem. if you just give in and pay the higher tax rates or vote for higher tax rates,
forget this fiscal cliff deal. the moral is, you raise tax rates and down goes tax revenue. look at what happened in britain. this raised the top tax rate to 50% and two-thirds of the millionaires disappeared in the next tax year. same things are happening in france. people are leaving. the top tax rate of 75%. same thing had in maryland a few years ago. new millionaires tax. they disappeared. exactly the same thing in california. >> brian: they went to pennsylvania and california. now...
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Dec 5, 2012
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they are nowhere near a deal to avoid the so-called fiscal cliff. peter doocy is life in washington with more. >> republicans have had their proposal to avoid the fiscal cliff complete with 800 billion of new revenue over a decade on the table for more than a day now. it has yet to be publicly embraced by the slightest bit by any prominent democrats. because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they say the mast won't work. >>> it is still out of balance. it is 800 million worth of revenues. he said he is going to do that by lowering rates. when you look at the map it doesn't work. >> the house majority with kevin mccarth
they are nowhere near a deal to avoid the so-called fiscal cliff. peter doocy is life in washington with more. >> republicans have had their proposal to avoid the fiscal cliff complete with 800 billion of new revenue over a decade on the table for more than a day now. it has yet to be publicly embraced by the slightest bit by any prominent democrats. because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard...
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Dec 28, 2012
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we have passed a bill to deal with the fiscal cliff. congressman, let me go through this. they haven't passed a bill in 1300 days in the united states senate. constitutionally, something by law they are required to do. they haven't done it. the president, 18 hours on the golf course, 20 hours in the air, plenty of time working out. now he races back to washington, you know, like the lone ranger on his horse silver in to save the day. this isn't serious. this is not a president that's serious about spending, is it? >> this is not about leadership. 1,337 days, harry reid hasn't pass add a budget. they have been in control the whole time. this fiscal cliff was predictable. we knew this was going to happen two years ago. and don't forget, these are the bush-obama tax cuts. all the president needs to do is actually propose some spending cuts. i think with geithner's admission that the debt ceiling will be burst through on december 31st clearly shows it's a problem. it's time to cut spending, not for now but future generations that have to pay this off. >> it seems to me, congre
we have passed a bill to deal with the fiscal cliff. congressman, let me go through this. they haven't passed a bill in 1300 days in the united states senate. constitutionally, something by law they are required to do. they haven't done it. the president, 18 hours on the golf course, 20 hours in the air, plenty of time working out. now he races back to washington, you know, like the lone ranger on his horse silver in to save the day. this isn't serious. this is not a president that's serious...
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Nov 9, 2012
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. >> the stalemate leads both sides no closer to a deal to avoid the fiscal cliff. $700 billion in spending cuts and an end to the tax rates coming at the end of the year. boehner is under pressure from conservatives to not give in on the tax rate increases he is willing to end deductions that could raise the tax revenue. the president is getting pressure from the left. "new york times" columnist paul krugman going so far today to suggest the white house should be willing to daniel the economy to make their point with republicans. writing, "what should he do?" just say no and go over the cliff if necessary. the president said today he is open to giving in to a point. >> i want to be clear. i'm not wedded to every detail of my plan. i'm open to compromise. i am open to new ideas. i'm committed to solving our fiscal channel. i refuse to accept any approach that isn't balanced. >> the president broke with tradition not holding a news conference quickly after his re-election. aides point out he will take question next wednesday at the white house. that will coo inside with congress to come back
. >> the stalemate leads both sides no closer to a deal to avoid the fiscal cliff. $700 billion in spending cuts and an end to the tax rates coming at the end of the year. boehner is under pressure from conservatives to not give in on the tax rate increases he is willing to end deductions that could raise the tax revenue. the president is getting pressure from the left. "new york times" columnist paul krugman going so far today to suggest the white house should be willing to...
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Nov 12, 2012
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with like the fiscal cliff, to work on anything big together. i think when said-- i'm sorry, go ahead. >> paul: dan, if you look the at reagan's second term and clinton's second terms, they had ups and down and obviously clinton was impeached. and reagan iran-contra, the second thing that defined them was growth, rapid economic growth and good feeling in the country about their presidency because of that. obama needs in my view, faster growth not 1%, 2%, get it up to 3, 4%. is he able to get that. does he understands that and try to shift policies in a way that aim for that goal because that would leave him much more popular four years from now. >> i think he has no clue, very simply. look, we have discussed many times on the show how obama wants to take federal spending from a historic 20% of grosse pointe woods up to around 24% because he needs it up there to do all the things that he promised in the campaign, which is to subsidize education, subsidize energy and so forth, he needs a higher level of spending, the idea is that if you have large
with like the fiscal cliff, to work on anything big together. i think when said-- i'm sorry, go ahead. >> paul: dan, if you look the at reagan's second term and clinton's second terms, they had ups and down and obviously clinton was impeached. and reagan iran-contra, the second thing that defined them was growth, rapid economic growth and good feeling in the country about their presidency because of that. obama needs in my view, faster growth not 1%, 2%, get it up to 3, 4%. is he able to...
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Nov 9, 2012
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you have the president saying he ran on raising taxes to deal with this fiscal cliff, to deal with cutting the debt if you will, where as you have house republicans like john boehner saying, wait a second, they ran on not raising taxes and instead trying to cut out loopholes and other things to raise tax revenue but not raising tax rates. essentially we are where we were before the election in terms of both the make up of the balance of power, in terms of republicans on the hill and terms of whereat the white they are in this debate, bill. bill: we have been warned about the possibility of a second recession. does it look as if the president and congress can come to terms? >> reporter: it looks like we're finally hitting a point where they have to come to some sort of terms to deal with this. if you look at what's happened on calm street the last couple of days, we've seen the market take a hit. part of that is because of what's happening in europe. you've heard a lot of analysts saying, is because they want to see, they are wanting washington to come together and deal with this situation
you have the president saying he ran on raising taxes to deal with this fiscal cliff, to deal with cutting the debt if you will, where as you have house republicans like john boehner saying, wait a second, they ran on not raising taxes and instead trying to cut out loopholes and other things to raise tax revenue but not raising tax rates. essentially we are where we were before the election in terms of both the make up of the balance of power, in terms of republicans on the hill and terms of...
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Dec 19, 2012
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the so-called fiscal cliff. the president says he wants lawmakers to peel off the partisan war paint. at the same time, the white house vowed to veto a so-called plan (b) from house speaker boehner allowing tax breaks to expire on incomes above $1 million for the time being. the president's latest offer sets the level to end tax breaks at $400,000. remember, we are set to go over the fiscal cliff in two weeks. economists are wanting that the purge of tax hikes and spending cuts could trigger another bad recession if lawmakers cannot get a deal. now to ed henry like on the not lawn. this poe tell deal could -- this potential deal could be falling apart? >>reporter: that is right. top advisors said when speaker boehner came out with the plan (b) yesterday which the white house is threatening to veto, they say plan (a), the $4 trillion deficit deal started falling apart. all communications have been cut off. they are making no progress on that. the president came out and had this news conference that was supposed t
the so-called fiscal cliff. the president says he wants lawmakers to peel off the partisan war paint. at the same time, the white house vowed to veto a so-called plan (b) from house speaker boehner allowing tax breaks to expire on incomes above $1 million for the time being. the president's latest offer sets the level to end tax breaks at $400,000. remember, we are set to go over the fiscal cliff in two weeks. economists are wanting that the purge of tax hikes and spending cuts could trigger...
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Dec 29, 2012
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so can we expect a deal here or is the nation heading over the fiscal cliff? >> we can still avoid going over the fiscal cliff if the president and the democrat-controlled senate step forward this week and work with republicans to solve this problem and solve it now. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >> gregg: time for a quick check of the headlines. police have a suspect in custody in new york city's deadly subway push. the woman apparently made statements implicating herself in thursday's murder of a 46-year-old man. >>> same sex marriages are now legal in the state of maine. the law went into effect at midnight and authorities immediately began issuing licenses and performing weddings. >>> a french court rejecting a 75% millionaire's income tax scheduled to begin in 2013. the tax would have made the rich contribute a whole lot more to cutting public deficit. >> arthel: here at home as senator leaders work beh
so can we expect a deal here or is the nation heading over the fiscal cliff? >> we can still avoid going over the fiscal cliff if the president and the democrat-controlled senate step forward this week and work with republicans to solve this problem and solve it now. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >> gregg: time for a quick check...
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Nov 25, 2012
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congressional leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the government needs to find new ways to take in more money and now the fight is centered on where to get it from. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come
congressional leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the...
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Dec 19, 2012
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. >> brian: then stuart varney says there is something really familiar about the fiscal cliff deal being offered by the white house. from the unions. >> steve: jimmy fallon, good morning. >> political news here. yesterday president obama and john boehner talked about the fiscal cliff for 45 minutes, but the white house will not release a transcript of their conversation. however, they did offer to are joe biden reenact it with puppet s [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity a. man: okay, no problem. it's easy to get started; i can help you with the paperwork. um...ts green line just appeared on my floor. yeah, that's fidelity helping you reach your financial goals. could you hold on a second? it's your money. roll over your old 401(k) into a fi
. >> brian: then stuart varney says there is something really familiar about the fiscal cliff deal being offered by the white house. from the unions. >> steve: jimmy fallon, good morning. >> political news here. yesterday president obama and john boehner talked about the fiscal cliff for 45 minutes, but the white house will not release a transcript of their conversation. however, they did offer to are joe biden reenact it with puppet s [ woman ] ring. ring. progresso. i just...
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Dec 24, 2012
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even though president obama and lawmakers are on vacation, clock is counting down to the fiscal cliff. i would take a christmas miracle to get a deal done in time. karl rove and joe trippi are here to offer take on solving the nation's gun violence. "special report" from washington starts at 6:0:00 eastern. now back to new york and "the five." ♪ ♪ >> greg: welcome back. regifting, a good idea or a bad idea? or is it a good idea? or is it a bad idea i? just said. that my dog casper is still sick after dana's mutt jasper gave him bag of dog pretzels for his birthday. he died. so i have my feeling about regifting. how about you, dana, dog kil killer? >> dana: time to confess what happened to casper. people think you have a real dog. now you killed him. regifting. i know the right answer is to say no, never regift. but i did it once in a spectacular fashion. i was late getting a gift out. i got it out. later on, a few hours later i realized that it had been engraved to me. and thanking me for giving a speech somewhere and i sent it as a gift and wrapped it. i had to call the person ah
even though president obama and lawmakers are on vacation, clock is counting down to the fiscal cliff. i would take a christmas miracle to get a deal done in time. karl rove and joe trippi are here to offer take on solving the nation's gun violence. "special report" from washington starts at 6:0:00 eastern. now back to new york and "the five." ♪ ♪ >> greg: welcome back. regifting, a good idea or a bad idea? or is it a good idea? or is it a bad idea i? just said....
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Dec 29, 2012
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parachute. >> the last minute move to save us from the fiscal cliff. and, a shooting inside a politician. -- police station. officers down and a suspect dead. >> i saw them throw somebody into an ambulance. >> in moments, what we know about how this happened. and on very thin ice. >> the deeper you got out, the more ice was cracking. you just couldn't get to them. >> the rescue mission to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard smith. and president obama says tonight there is still time to get a deal done before we fall off the fiscal cliff. and he demanded congress take action now before it's too late. the president spoke in the white house briefing room just about an hour ago now. he was visibly tense. frustration in his voice. >> america wonders why it is in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we are now at the last minute. and the american people are not going to have any patience for a politically self-infl
parachute. >> the last minute move to save us from the fiscal cliff. and, a shooting inside a politician. -- police station. officers down and a suspect dead. >> i saw them throw somebody into an ambulance. >> in moments, what we know about how this happened. and on very thin ice. >> the deeper you got out, the more ice was cracking. you just couldn't get to them. >> the rescue mission to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard...
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Dec 28, 2012
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cliff. the president and his allies i make the contention this has been the plan since day one. why? this would give democrats everything they want. they would get to raise taxes, and then, to top it off, the shoulders of republican mÑwxj >>> and watch this. >> american people, i don't think understand the house representative is operating without the house of representatives. it's being operated with a dictator ship )÷!>> let him take the country over the fiscal cliff if he so chooses. they were elected to get the fiscal house in order. now is the time for republicans to stand up for your kids and grandchildren. maybe she the should say they're looking out for the future, future generations maybe now is the time to take a stabbed stand and say they're not going let washington continue with this out of control spending, debt, maybe now, at this moment, maybe that is the right thing to do. and joining me now with reaction to this developing story are two house republicans, congressman
cliff. the president and his allies i make the contention this has been the plan since day one. why? this would give democrats everything they want. they would get to raise taxes, and then, to top it off, the shoulders of republican mÑwxj >>> and watch this. >> american people, i don't think understand the house representative is operating without the house of representatives. it's being operated with a dictator ship )÷!>> let him take the country over the fiscal cliff if...
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Nov 9, 2012
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how are they going to deal with this fiscal cliff so that we don't have a double dip recession? shannon: i would like to turn back to bret now. we have heard many say this is a moment for the president to step up. today, he reiterated that again. saying it is your turn to get something done. it doesn't seem like out of the way the president has worked in the past. it has not been very kumbaya or touchy-feely. there's been a lot of friction. >> this indication that he will invite both sets of leaders to start talking is one indication that things may have started to change. we will likely hear a different tone from the president now. there is a deadline. this fiscal cliff is real. it is something that is over the heads of lawmakers and is something that would affect the economy dramatically according to the cbo and as edmonton, would really send the economy into a double dip recession. both sides of the aisle say there is no doubt about that. now, republicans would like to do some kind of deal that takes us into the next year so that you could do a bigger deal. a simpson-bowles d
how are they going to deal with this fiscal cliff so that we don't have a double dip recession? shannon: i would like to turn back to bret now. we have heard many say this is a moment for the president to step up. today, he reiterated that again. saying it is your turn to get something done. it doesn't seem like out of the way the president has worked in the past. it has not been very kumbaya or touchy-feely. there's been a lot of friction. >> this indication that he will invite both sets...
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Oct 24, 2012
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the attention will shift to the dreaded fiscal cliff divided congress with a quick deal on that front could be more of the same gridlock going on in the market more of the same up and down and roller-coaster ride until we get answers to the questions as they pertain to tax reform and other big issues continuing to plague the market. >> with grid locks those are gone. >> let's say mitt romney wins and gop wins control of the congress. >> it will take off for a couple of reasons businesses would be happy because they like romney's plan to cut taxes and slash regulations that would be a positive. single party control makes it more likely you would get a deal as far as taxes an spending the one wrinkle he said he would reappoint him. that's something to think about. he is used to his style used to the liquidity he brings. concerns about tighter monetary would affect the market. they don't like his plans to tim late the economy thinks they are inflation nature -- inflation airy. >> romney wins but the congress remains divided? >> you get delayed to get us off the fiscal cliff. they would w
the attention will shift to the dreaded fiscal cliff divided congress with a quick deal on that front could be more of the same gridlock going on in the market more of the same up and down and roller-coaster ride until we get answers to the questions as they pertain to tax reform and other big issues continuing to plague the market. >> with grid locks those are gone. >> let's say mitt romney wins and gop wins control of the congress. >> it will take off for a couple of reasons...
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Dec 14, 2012
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the debate is framed as a fiscal cliff, but that's a cliche. the real issue is fairly complicatedd macro economics. we asked jess jesse watters to d out what folks really think about it. >> this fiscal cliff, i keep hearing about, where is this cliff? >> i absolutely have no idea what you're talking about. i'm really sorry. >> it's in congress. >> i have no idea. i don't know anything about politics. >> probably in baltimore? >> i don'ttti know. >> i think it's related to the mayan population. >> do you know what happens when we go over the cliff? >> yes. our taxes go up. >> w the military starts losing money. >> you like that? >> i'm fine with it. we spend a lot of money on the military. >> define the fiscal cliff for me. >> f some imaginary cliff somewhere in my mind that we'll jump offea of. >> you mean the end of the world type thing? >> not really. [ music ] >> president obama and house speaker johnjo boehner helped create this fiscal cliff. if they don't get a long term budget deal done by january 2nd, 2013, massive automatic spending cut
the debate is framed as a fiscal cliff, but that's a cliche. the real issue is fairly complicatedd macro economics. we asked jess jesse watters to d out what folks really think about it. >> this fiscal cliff, i keep hearing about, where is this cliff? >> i absolutely have no idea what you're talking about. i'm really sorry. >> it's in congress. >> i have no idea. i don't know anything about politics. >> probably in baltimore? >> i don'ttti know. >> i...
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Oct 26, 2012
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avoiding the fiscal cliff. >> i will go to capitol hill and wash john boehneree car, walk mitch mcconnell's dog. >> promises that fly in face of the republican speaker john boehner's complaint that the president hasn't scheduled meeting with congressional leaders in several months. let alone a car wash. >> not something that i propose and it's something that congress proposed. >> fact checkers today gave it four pinocchios noting while republicans agreed to the sequester a claim by chief of staff jack lew it was not originally the white house's idea is a whopper. >> now all of this is prelude to one week from today when we get a new jobs report. four days before election day. bret? >> bret: ed henry live on the north lawn. thank you. we will take a closer look at how the gdp numbers are keeping standard of living down. that is coming up in a few minutes. more now on governor romney's economic address today in iowa. the challenger's mission to draw a sharp contrast with the president's economic philosophy. use the president's own words against him. and nudge undecided voters over to the g.o.
avoiding the fiscal cliff. >> i will go to capitol hill and wash john boehneree car, walk mitch mcconnell's dog. >> promises that fly in face of the republican speaker john boehner's complaint that the president hasn't scheduled meeting with congressional leaders in several months. let alone a car wash. >> not something that i propose and it's something that congress proposed. >> fact checkers today gave it four pinocchios noting while republicans agreed to the sequester...
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Dec 6, 2012
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>> well, my hope is not just a deal. the last time we had a deal it created this fiscal cliff. my hope is that we have a solution. here is the bottom line on all of this. if they do all the things the president is asking for. we are all going to be worse off. the truth is it's not just about a pledgor protecting millionaires and billionaires. you raise those taxes and the true millionaires and billionaires are going to figure the stuff out. the people who are going to get crushed are the install and mid sized businesses who pay on their personal rate. they are going to get hurt by. this lay people off. cut hours. that's going to hurt the middle class. that's going to hurt the working class. it's not going to do anything for the debt. >> intran jent he basically said we are going to raise the rate. if you don't like it we're not going to get a deal. seems like that's where we are going here. >> that's unfortunate. instead of what the president is doing is saying the campaign is over let me governor. put a campaign and put a trophy in the liberal trophy case. what the president i
>> well, my hope is not just a deal. the last time we had a deal it created this fiscal cliff. my hope is that we have a solution. here is the bottom line on all of this. if they do all the things the president is asking for. we are all going to be worse off. the truth is it's not just about a pledgor protecting millionaires and billionaires. you raise those taxes and the true millionaires and billionaires are going to figure the stuff out. the people who are going to get crushed are the...
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Dec 11, 2012
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to keep from all going over the fiscal cliff. the president is refusing to compromise on letting tax cuts expire on incomes of more than $250,000 a year. g.o.p. leaders are calling that a job killer and a deal breaker. of course, if we fall off the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's day. the president and the house speaker met face-to-face just yesterday for the first time since the election, but are they talking about it? no. today an aide said the speaker is willing and still waiting for counteroffer from the president. ed henry is live at the white house. i don't know, ed. a meeting happens and nobody says anything. this could be seen as something more good than bad. >> reporter: exactly. because they didn't come out of the meeting beating each other up and saying i'm never going to sign a deal with the other guy. the fact that they're keeping this quiet, hush hush for now in terms of the details of what they discussed sugg
to keep from all going over the fiscal cliff. the president is refusing to compromise on letting tax cuts expire on incomes of more than $250,000 a year. g.o.p. leaders are calling that a job killer and a deal breaker. of course, if we fall off the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's day. the president and the house speaker met face-to-face just yesterday for the first time since the...
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Nov 13, 2012
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cliff. they failed to cut a deal last year. that's how we got into this mess. now we are hearing the president may handle these negotiations a little bit differently. and one city votes to go meatless on mondays. we'll find out what that means for people who are trying to get a burger anyway. from the journalists of fox news on this monday fox report. [ knock on door ] cool. you found it. wow. nice place. yeah. [ chuckles ] the family thinks i'm out shipping these. smooth move. you used priority mail at rate boxes. if it fits, it ships for a low, flat rate. paid for postage online and arranged a free pickup. and i'm gonna track them online, too. nice. between those bes and this place, i'm totally staying sane this year. do i smell snickerdoodles? maybe. [ timer dings ] got to go. priority mail flat rate boxes. online pricing starts at $5.15. only from the postal service. >> shepard: seven weeks from now taxes go up and the country plunges off the so-called fiscal cliff unless the white house
cliff. they failed to cut a deal last year. that's how we got into this mess. now we are hearing the president may handle these negotiations a little bit differently. and one city votes to go meatless on mondays. we'll find out what that means for people who are trying to get a burger anyway. from the journalists of fox news on this monday fox report. [ knock on door ] cool. you found it. wow. nice place. yeah. [ chuckles ] the family thinks i'm out shipping these. smooth move. you used...
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Aug 11, 2012
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with the fiscal cliff the count story facing that they'd rather have that fight. if romney make that's choice tomorrow, for uss wisconsin, the race will be dichb and will be a lot different. and you can imagine the ads that are turning up. we saw them in new york 26 someone looking like paul ryan pushing an old lady over a cliff. its an effective ad but you wonder how much that affects some of the, like, i'm in florida currently. and arizona and other states. if it's paul ryan it's going to be a different race. >> right. and carl and i were talking about there is a possibility that we're talking about the short list. we talked about these in depth. you have done interview was all of the phone shall vp picks but there is a chance of what carl calls
with the fiscal cliff the count story facing that they'd rather have that fight. if romney make that's choice tomorrow, for uss wisconsin, the race will be dichb and will be a lot different. and you can imagine the ads that are turning up. we saw them in new york 26 someone looking like paul ryan pushing an old lady over a cliff. its an effective ad but you wonder how much that affects some of the, like, i'm in florida currently. and arizona and other states. if it's paul ryan it's going to be...
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Nov 8, 2012
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is this fiscal cliff? >> i think it is a very big deal. i think part of what we've seen in the market yesterday and today is that with the election just behind us, we've been able to turn our attention to, you know, these very immediate challenges. and the fiscal cliff in the united states, if it remains unresolvedsolved and we see higr taxes and lower spending in an uncontrolled or very abrupt way come january, that's not going to encourage growth, and we would expect to see that the economy could lapse back into recession. what's important there, i think, to realize is it's also happening in a very difficult context. as investors turn their attention to what's going on outside of the election and electoral politics, we can see that for all practical purposes europe is in a a recession, and for the rest of the world to be performing weakly at a time when we come up against, you know, this very serious issue, the timing's not right. jenna: bad timing, that's for sure. but if we solve the fiscal cliff, let'
is this fiscal cliff? >> i think it is a very big deal. i think part of what we've seen in the market yesterday and today is that with the election just behind us, we've been able to turn our attention to, you know, these very immediate challenges. and the fiscal cliff in the united states, if it remains unresolvedsolved and we see higr taxes and lower spending in an uncontrolled or very abrupt way come january, that's not going to encourage growth, and we would expect to see that the...
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Dec 10, 2012
12/12
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cliff that will take place in january from congress and they may strike a budget deal by then. economists think it could downs back in november with unemployment still high the trend remains weak because households don't have the income to spend. that ties in with the borrowing numbers as well. credit card usage has gone 17 percent since the 2008 credit cli cries lis. the category auto and student loans is 22 percent higher. they get training for new careers. >> diane macedo from the fox business network it is 14 minutes before the top of the hour. you could call them a mosque carade. it promised to be a lot more than a praise of prayer. turns out that is all they are doing there. we will tell you the details. >> they were trying to wreak havoc on the neighbor's decorations. check with steve doocy to see what's coming up. >> thank you very much. exactly. 13 minutes before fox and friends kicks off. who says there's no such thing as a free lunch. whoever said that has to dine with uncle sam. millions of dollars of tax payer money feeding children for free. before they need it or
cliff that will take place in january from congress and they may strike a budget deal by then. economists think it could downs back in november with unemployment still high the trend remains weak because households don't have the income to spend. that ties in with the borrowing numbers as well. credit card usage has gone 17 percent since the 2008 credit cli cries lis. the category auto and student loans is 22 percent higher. they get training for new careers. >> diane macedo from the fox...
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Oct 29, 2012
10/12
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cliff, but, i would echo what senator udall said, we don't really know what governor romney's plan is. the budget plan that he lies out would actually cut 75 percent of all investments in education and r&d and infrastructure. that is not the way to grow a economy. in virginia we are down to 5.8 percent or 5.9 percent unemployment and we have recovered quicker than other states. a reason that the president will carry virginia is because of that. >>chris: senator udall we will get to romney's plan in a moment, but, first, obama's plan, this week on the campaign trail, he was brandishing and we can see it here, the glossy brochure that he said is his agenda for the next four years but it states goals like create a million manufacturing jobs by 2016 and cut net oil imports by 2020 but these are recycled targets from four years ago that he was unable to achieve the first term. >>guest: we have made a lot of progress to reaching the goals and if you look at what the president's accomplished we are moving forward. my concern and what i hear from those in colorado is that a president romney w
cliff, but, i would echo what senator udall said, we don't really know what governor romney's plan is. the budget plan that he lies out would actually cut 75 percent of all investments in education and r&d and infrastructure. that is not the way to grow a economy. in virginia we are down to 5.8 percent or 5.9 percent unemployment and we have recovered quicker than other states. a reason that the president will carry virginia is because of that. >>chris: senator udall we will get to...